Ho­tel rooms go on block

Buchin­sky Group puts three hos­pi­tal­ity prop­er­ties un­der the ham­mer

Weekend Argus (Saturday Edition) - - AUCTIONS -

JULIUS Buchin­sky Group has carved it­self a niche in the spe­cial­ist field of auc­tion­ing sec­tional ti­tle in­vest­ment prop­er­ties in the hos­pi­tal­ity mar­ket.

T h r e e i nve s t o r s h ave re­cently man­dated the com­pany to auc­tion their ho­tel and l e i s u r e i n c o me - g e n e r a t i n g prop­er­ties in Cape Town.

The first auc­tion will be for a two-bed­room, two-bath­room 74m² sec­tional ti­tle ho­tel room unit in the four-star Leisure Bay Ho­tel & Suite de­vel­op­ment on Mil­ner­ton beach.

The unit, which is self-ca­ter­ing, is beau­ti­fully fur­nished and fit­ted, and is lo­cated on the ground floor over­look­ing the pool, beach and Ta­ble Moun­tain.

The ho­tel is man­aged by the renowned Re­lais group and the auc­tion will take place on site on Wed­nes­day, Au­gust 26 at 11.30am.

The sec­ond auc­tion will be for a fully fur­nished ho­tel room unit in the Hol­low on the Square Ho­tel, which is lo­cated in the heart of the Cape Town CBD.

The unit forms part of the ho­tel rental pool and pro­vides for 30 days’ free us­age. It of­fers good re­turns to an in­vestor and has ex­cel­lent cap­i­tal growth po­ten­tial.

The auc­tion will be held on site on Wed­nes­day, Septem­ber 2 at 11.30am.

The third auc­tion, ideally suited to lo­cal and in­ter na­tional in­vestors, is for a fur­nished three-bed­room self­ca­ter­ing suite in the re­cently c o m p l e t e d f ive - s t a r C a p e Royale Ho­tel & Pri­vate Res­i­dence Club.

It of­fers state-of-the-art fa­cil­i­ties and the suite can be used as the owner/in­vestor’s per­ma­nent or tem­po­rary ac­com­mo­da­tion with park­ing and full ho­tel ameni­ties on site.

It can also be placed in the ho­tel’s rental pool if res­i­dency is not re­quired. This lux­u­ri­ous suite over­looks the V&A Water­front, Ta­ble Bay, Robben Is­land and the new Green Point sta­dium. It is re­garded by many as one of the best prop­erty lo­ca­tions in South Africa. The auc­tion will take place on site on T h u r s d ay, S e p t e mb e r 3 , a t 11.30am.

For more in­for­ma­tion, con­tact Julius Buchin­sky Group on 021 415 7320 or visit www.julius­buchin­sky.com.

LAP OF LUX­URY: Julius Buchin­sky Group as­sists hos­pi­tal­ity trade with prop­erty auc­tions.

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